Two firms in the chemical solvent industry decide to merge. Employees in the testing department of firm A have enjoyed high pay for many years. However, firm A is purchased by firm B who has a history of paying low wages. As a result, employees in firms A's testing department earn on average $1.00 more per hour than those at firm B. Upon completion of the merger, what wage levels should prevail? Should wages be cut for those who worked for firm A? Or, should wages be increased for those in firm B?
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Two firms in the chemical solvent industry decide to merge. Employees in the testing department of firm A have enjoyed high pay for many years. However, firm A is purchased by firm B who has a history of paying low wages. As a result, employees in firms A's testing department earn on average $1.00 more per hour than those at firm B. Upon completion of the merger, what wage levels should prevail? Should wages be cut for those who worked for firm A? Or, should wages be increased for those in firm B?
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- The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.Sun Networks is a large company that operating solely as a Television broadcaster. However, four years ago, it started offering broadband and telephone services to its Television customers. Customers taking up the offer were then recognized in the business as ‘Combo customers’ and they had to take up both the broadband and telephone services together with the Television service. Other customers were still able to subscribe to Television alone but not to broadband and telephone services without the Television service.All contracts to customers of Sun Networks are for a minimum two-month period. The Television box is sold to the customer at the beginning of the contract. However, the broadband and telephone equipment is only rented to them. In the first few years after product bundling was introduced, the company saw a steady increase in profits. Then, Sun Networks saw its revenues and operating profits fall. Consequently, staff bonuses were not paid, and staff became dissatisfied.…Sun Networks is a large company that operating solely as a Television broadcaster. However, four years ago, it started offering broadband and telephone services to its Television customers. Customers taking up the offer were then recognized in the business as ‘Combo customers’ and they had to take up both the broadband and telephone services together with the Television service. Other customers were still able to subscribe to Television alone but not to broadband and telephone services without the Television service.All contracts to customers of Sun Networks are for a minimum two-month period. The Television box is sold to the customer at the beginning of the contract. However, the broadband and telephone equipment is only rented to them. In the first few years after product bundling was introduced, the company saw a steady increase in profits. Then, Sun Networks saw its revenues and operating profits fall. Consequently, staff bonuses were not paid, and staff became dissatisfied.…
- Sun Networks is a large company that operating solely as a Television broadcaster. However, four years ago, it started offering broadband and telephone services to its Television customers. Customers taking up the offer were then recognized in the business as ‘Combo customers’ and they had to take up both the broadband and telephone services together with the Television service. Other customers were still able to subscribe to Television alone but not to broadband and telephone services without the Television service. All contracts to customers of Sun Networks are for a minimum two-month period. The Television box is sold to the customer at the beginning of the contract. However, the broadband and telephone equipment is only rented to them. In the first few years after product bundling was introduced, the company saw a steady increase in profits. Then, Sun Networks saw its revenues and operating profits fall. Consequently, staff bonuses were not paid, and staff became dissatisfied.…Brown’s TV Production is considering producing a pilot for a comedy series for a major network. While the network may reject the pilot and series, it may also purchase the program for 1 or 2 years. Brown may produce the pilot or transfer the rights for the series to a competitor for $100,000. Brown’s profits are summarized in the following payoff table (profits in thousands). sate of nature reject 1 year 2 years produce pilot -100 50 150 sell to competitor 100 100 100 For a consulting fee of $2500, an agency will review the plans for the comedy series and indicate the overall chances of a favorable network reaction to the series. Draw the decision tree for this revised decision problem. Label the tree (actions, states of nature, payoffs);ABCar Co is a new type of car company. They hire various subcontractors namely DesignCar Ltd., who designs the cars, ManuCar Inc., who manufactures the vehicles, and TestCar Co., who tests the cars before they are put into full production. Recently, ABCar Co has received many complaints about the failure of the braking system. There is a dispute between ABCar Co, DesignCar Ltd., ManuCar Inc., and TestCar Co. as to who is responsible for the problem and who must bear the cost to fix it. Referring to the dispute resolution mechanisms you explained in question 3 (a) (you don't need to reproduce the information), which dispute resolution mechanism would you select to resolve this dispute and why would you select it? Why would you reject the other ones?
- Consider the following Bargaining game, where each player tries to maximize his own number of coins. Player A starts the game with 3 coins and Player B starts with 1 coin. Player A needs to decide how many coins to give to Player B. Player A moves first, and makes an offer to Player B. Player B observes the offer, and then chooses to accept or reject the offer. If player B rejects the offer, the game is over: Player A loses all his 3 coins and player B losses his 1 coin (both players end up with zero coins). If Player B accepts the offer, the game is over: Player B keeps his original 1 coin plus the coin(s) offered by Player A, while Player A keeps the coin(s) he did not offer to player B. In the subgame perfect equilibrium of this game: Select the right option from below Player A offers zero coins to Player B Player A offers one coin to Player B Player A offers two coins to Player B Player A offers three coins to Player B Player A plays a mixed…Read and analyze the following situation:Ms. Rosado, general manager of Rosado & Associates, finds herself in a financial dilemma. She must decide between firing 25% of the employees by paying them only 50% of the amount they are entitled to under the law or by paying them what they are legally entitled to. Complying with the law would entail closing the doors of the business and ending that source of employment, which for her would be a failure. Mrs. Rosado asks you for advice, you are in charge of handling aspects related to personnel in the company. You must answer the following discussion questions (You must demonstrate analysis and critical thinking when answering the questions):Explain in detail how Human Resources policies relate to a company's ethics and strategy. Provide examples of what was discussed.Do you think that the proposal to fire employees paying them less than what the law establishes is ethical?Engineer A is hired by PXL Engineering to serve as an associate engineer in State Y. Engineer B, a partner in PXL Engineering mentors Engineer A, and Engineer A eventually establishes himself within the firm as a generally well-regarded practitioner. PXL Engineering pays for Engineer A’s tuition to obtain a graduate degree, and Engineer B submits recommendations for Engineer A to become licensed as a professional engineer. A few years later, Engineer A decides to establish his own engineering practice in State Z and decides to call the firm “PXL Engineering of State Z.” Engineer A’s firm has no affiliation with PXL Engineering located in State Y, but upon investigation, Engineer B observes that the website developed by PXL Engineering of State Z has strikingly similar “Statements of Firm Principles” to the ones included on PXL Engineering’s website. Engineer B contacts Engineer A regarding the name of his firm as well as his use of PXL Engineering’s…
- Paul is the owner of a sport store that specialises in extreme sports such as paragliding and wakeboarding. To entice customers to spend more he has recently launched store credit, subject to approval. Which one of the following is a cost of granting credit that Paul must be aware of? Select one: a. Loss of interest b. Insurance cost c. The loss of customer goodwill d. Loss of flexibilityAlice, Wonder, and Land are freshmen under the marketing management program. Every month, they purchase a piece of Panda ballpen. The price of the ball pen is Php9.50.According to a recent survey, 45% of the marketing freshmen have the samepurchasing behavior as Alice, Wonder, and Land. Another 30% also purchase Panda ballpens regularly at the same price; however, they purchase once every 2 weeks. There are approximately 280 freshmen under the marketing management program. Assuming that the behavior is consistent throughout their 4-year stay in the program, what is the approximate projected revenue that can be generated from the marketing freshmen for the entire duration of their stay in the program?Amoco, one of the nation’s largest oil companies, has been forcing a number of its independent service stations to convert from full-service stations offering repair service to convenience stores or “gas only” stations. Thus the highly profitable repair part of the business will no longer be available to those station owners forced to convert. The franchised independent dealers have little choice but to give in to Amoco because the oil company typically owns the station’s land and buildings and offers leases of only three years or less. This arrangement appears to vest all of the power with the producer and virtually none with the dealers. Discuss this situation in light of the bases of power and the possible long-term effects on channel relationship.